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>> hi, everyone. welcome to the "journal" coming to you live from dw in berlin. the u.s. president defies a fragile economy and high unemployment to win the election, telling the american people the best is yet to come. >> appeals from angela merkel to her european partners -- an end to the eurozone debt crisis will require more unity. >> and a parliamentary vote on another round of austerity cuts in greece. >> thanks for joining us. barack obama has won his second term in office as president of the united states, but his celebrations will be short-lived as the multitude of urgent issues on his desk draws him back to work without delay. >> the first order of business will be to negotiate a new budget deal in congress by the end of the year. otherwise, and harsh plan of spending cuts and tax increases are due to go into effect. we will hear more about that later on in the show, but first, a look back at how things play out on election night in the u.s. >> his face said it all -- president barack obama had to fight hard to keep his job in a tough race against his republican challenge
. ramin mellegard joins us from the business desk. we saw many americans celebrating the re-election of president obama but it seems the mood was different on wall street. >> it really was. we're seeing the reactions following the elections. investors really concerned about tax and spending issues and that's going to be a major focus going forward. government spending cults and tax hikes are set to go into effect at the end of the year. the so-called fiscal cliff. investors worry obama will be unable to resolve the crisis with the house of representatives still controlled by the republicans. the key index on the new york stock exchange fell sharply when markets reopened after the election. the dow jones industrial average at one point lost over 360 points. the index finished the day at 12,932, down 2.3% from the previous day's close. new york stocks dliped from the start as investor concerns shifted to how obama will address the country's economic challenges. they're particularly worried the fiscal cliff could weigh down u.s. growth into the new year. >> it's a pretty sad da
under way across the u.s. as americans decide who will lead the country for the next four years. after vigorous campaigning right to the last minute and aggressive advertising that made it the most expensive campaign of all time, president barack obama and his challenger mitt romney both into the election day confident of victory. >> but most election polls say the race for the white house is too close to call, meaning the result will be decided in a small number of so-called swing states by florida, ohio, virginia, and new hampshire, which was the first to vote on the stroke of midnight. >> voting began early in this part of new hampshire. the first ballot such traditionally cast here at midnight, and after the first 10 were tallied, it was a drop -- draw. >> for president -- this has never happened before -- we have a tie. five votes each. >> of voting in dick's bill has never been a gauge for the rest of the nation, but this year, polls show the race is a dead heat -- voting in dixville has never been engaged for the rest of the nation. >> after all the months of campaigning, after
>>> dememracy in america. voters in the u.s. decide who they think should lead the country. one man has spent the past four years reshaping how americans see their country and how america is seen around the world. u.s. president barack obama took the wheel of an economy that resisted efforts to write it. now voters are deciding whether to stick with him or whether his republican opponent mitt romney deserves the job. eyewitness news line will focus all day on the race for president. >>> millions of americans are still voting. millions are already making their choices and already we're getting some hints about who they chose. our partners at abc news project barack obama will capture 3 electoral votes and mitt romney 33. >>> let's take a look at the projections state by state. the states in blue are for obama. the runs in red for romney. romney in south carolina, indiana, and kentucky. the projections give obama 3 electoral votes and they hope the number adds up to 270 or more needed to win the election. obama and the first lady arrived at home in chicago. the president wrapped hip h
covering the congress. he told us more about the main players in china's transition of power. >> reporter: we've got an idea who will head up china's next generation of leaders. we've heard their names before, xi jinping and li keqiang. and we'll be hearing them for years to come. they'll be chosen for top communist party posts next week and unveiled to the world. analysts say xi will become general secretary, taking over for president hu jintao. chinese vice president xi jinping is 59 years old. communist party leaders named xi vice chairman of the central commission in 2010. xi's taken an active role in diploma city as well as domestic affairs. >> xi jinping's pather was a vice premier, so xi became part of china's informal princeling network. princelings gain power by taking advantage of their parents and status and ties to influential fingers. but xi didn't have it easy. authorities ousted his father and jailed him during the cultural revolution. xi was forced to work in the countryside as a teenager. he went to a prestigious university in beijing from 1975 to 1979. and then he spent
. >> the final campaign day for the u.s. president and his neck- and-neck rival. a last-minute scramble for votes. >> the syrian regime steps up its campaign of violence as the oposition struggles to unite. >> argentina is on a roll. citizens of buenos artists discovered the joys of riding a bicycle. >> they have been battling it out for the past 18 months. spent of billions of dollars of their campaigns and the still the polls show that the u.s. presidential election is too close to call. both presidential -- both president obama and his republican challenger on the final stance of the campaign, promising to get the country out of its economic slump. >> the election could come down to a handful of battle-ground states. making final pitches to u.s. voters. >> mitt romney began his last day of campaigning in stamford, florida. in 2008, florida voted for obama. but he hasn't kept his promises, says romney. unemployment and the national debt are higher than ever before. >> one day away from the first day of a new beginning. my conviction of better days are ahead. it is not based on promises or rheto
. >>> the leaders of asia's top economies want to work out a free trade agreement. ramin mellegard joins us from the business desk. there are so many trade negotiations going on worldwide. what are the details in this case? >> catherine, representatives of japan, china, and south korea are trying to get together this month to talk about starting negotiations for a free trade pact. the countries have agreed there are benefits to strengthening economic ties as the move towards free trade accelerates worldwide. leaders of the three countries had agreed in may that they would begin the trade negotiations by the end of this year. been made in working-level meetings but prospects for the talks were unclear in the shadow of the japan/china territory i am dispute over islands in the east china sea. the official launch of fta talks is now expected to get the green light. on the sidelines of the east asia summit in cambodia on november 20th. >>> u.s. president barack obama declared his intention to raise taxes on wealthy americans. he says he wants to discuss this openly with republicans who control the h
the seat allocation breaks down among the parties in the election. >>> u.s. government officials always closely monitor elections in japan. one spoke to nhk, saying they believe there's a possibility that the liberal democratic party could regain power. >>> meanwhile, japan's biggest neighbor has a demand for the next government. >> translator: what's urgently needed is that japan should take appropriate action to resolve existing problems and rebuild relations with china. >> analysts say chinese officials are waiting to see how the result of the election will affect ties between the countries. relations have been strained since the end of the summer when a long-standing dispute over islands in the east china sea flared up again. >>> the fate of some major economic and energy policies planned under the noda administration is now up in the air following the dissolution of the lower house. the diet won't be able to consider these policies until after a new administration is sworn in following the general election. noda's government decided last month to spend nearly $5 billion trying to g
reaffirmed egypt's commitment to the palestinian cause and a need for just resolution. u.s. secretary of state hillary clinton helped negotiate the deal. she promised to work with partners in the region. the israeli military killed about 160 palestinians during the conflict. palestinian militants fired rockets from the gaza strip that killed five israelis. prime minister netanyahu said the right thing is to reach a lasting cease-fire but he warned of a wider military operation if security was threatened. hamas leader mashau warned his forces would resume attacks if israel broke the truce. >>> people in jerusalem are wondering if the cease-fire will hold. cohey sue gee has covered the middle east for years. he was in gaza on the first day of the offensive. kohei, why did the two sides agree to this truce? >> reporter: well, thousands of rockets have been fired since israeli forces withdrew from gaza in 2005. the israelis seemed to have come to the conclusion that they succeed the in reducing the ability of hamas to attack. and i think the influence of the u.s. contributed to bringing a
heroes because they stood up and said, "you are not going to take the vote away from us." some people stood in line for six, seven and eight hours. some had been in areas that had been damaged by the storm. and i just think that they were there upholding democracy. so that's the first thing that i remember about it. >> they were also there making delicious pecan tarts. because when i voted, the kids in the school were selling baking goods, and they were having a great time of it. what will you remember? >> oh, that's a tough one to say. i think that for a lot of conservatives and a lot of republicans this was a very disappointing election that opened a lot of folks' eyes to some of the deeper changes that have happened in the country, much more so in some respects than the 2008 election -- which i think a lot of folks wrote off as a one off, as a fluke, something that reflected very unique historical circumstances. but i think this election really did demonstrate that there's been a dramatic change, particularly with regard to social issues and how folks talk about them. so i think th
>>> hello, here in tokyo and you're watching "asia 7 days." thanks for joining us. let's get right to the news. american voters have chosen barack obama as their leader for another four years. asian heads of state were quick to offer their congratulations, but the u.s. faces hurdles to remain an active player in the fast-growing region. in his first term, obama shifted u.s. foreign policy toward the asia pacific, an area notable for its rapid economic expansion. enthusiasm over obama's reelection rippled through the region. students at an elementary school in the indonesian capital jakarta cheered loudly. obama attended the school when he was in the third grade. japanese prime minister yoshihiko noda contacted the president and pledged his cooperation. u.s. and japan have the opportunity to improve ties, especially since relations between japan and china have soured over the senkaku islands conflict in the east china sea. south korean president lee myung-bak said he's sure the u.s. and south korea will continue to develop their alliance. australia is another key ally in the region.
the u.s. he said american official leaders have promised to minimize the global consequences of official tightening. >>> president barack obama and mitt romney are making their final pitches before americans head to the polls. obama visited three swing states. he told a crowd in wisconsin that romney would resurrect the republican policies of four years ago and preserve tax cuts for the wealthy. >> it's a choice between returning to the top down policies that crashed our economy or a future that's built on providing opportunity to everybody and growing a strong middle class. >> romney also campaigned in swing states. he told an audience in florida that obama had failed to deliver on promises to reduce the economic burden on americans. >> tomorrow we begin a new tomorrow. tomorrow we begin a better tomorrow. this nation is going to begin to change for the better tomorrow. >> the latest poll from abc news and the washington post suggests 50% of likely voters will cast their ballots for obama. 47% for romney. polls indicate a close race in eight states. some suggest the candidates are runni
obama becomes a first- inning president to visit burma. but >> lewis hamilton wins the u.s. grand prix. >> ban ki moon has arrived in cairo in support of the cease- fire between israel and hamas. >> the exiled leader of hamas says they must take the first up a bit want the truce in israel. they will consider a cease-fire in israel and their attacks and the siege of gaza. >> israel has bombed building and at least 90 people have been killed and some 700 wounded since the air strikes began. >> the bombardment of gaza continues. israeli defense forces are picking targets they say it are connected to palestinian militants. the billionaire also among the latest casualties. across the border in israel, ground troops are massing in preparations for a possible invasion. israel has no mobilize and 40,000 reservists. elsewhere, diplomats are attempting to broker a ceasefire. in jerusalem, middle east peace envoy tony blair met with perez to stop the rocket attacks. >> it is clear we do not have any ambition to gain an advantage but we just want to stop the fire. >> more than 1000 rockets have be
model is at war with life on this planet. it's at war with us." >> and-- >> there's something fundamentally flawed about a system where in order to get elected the members of congress have to rely on the very people who are lobbying them day in and day out. because that's their principal source of funding, those lobbyists and the interests they represent. >> funding is provided by: carnegie corporation of new york, celebrating 100 years of philanthropy, and committed to doing real and permanent good in the world. the kohlberg foundation. independent production fund, with support from the partridge foundation, a john and polly guth charitable fund. the clements foundation. park foundation, dedicated to heightening public awareness of critical issues. the herb alpert foundation, supporting organizations whose mission is to promote compassion and creativity in our society. the bernard and audre rapoport foundation. the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. more information at macfound.org." anne gumowitz. th
countries have kicked off negotiations on a huge solar energy project in the sahara desert. u.s. president barack obama has arrived in new jersey to tour the devastation left in the wake of super storm sandy. >> obama was joined by new jersey governor chris christie, who is republican, but christie has praised the way the president has handled the crisis. they viewed storm damage by helicopter. obama will also be meeting with residents and emergency workers. >> cleanup work is in full swing on the east coast after sandy flooded cities, washed out bridges, and caused billions of dollars in damage. >> but new york city is making it clear it is back in business. mayor michael bloomberg rate in the opening bell at the new york stock exchange, which was closed for two days. >> the storm killed over 40 people on the east coast and caused unprecedented damage. >> life is slowly returning to normal in new york. on wall street, major stock their first two-day closure ine- over a century. emergency generators provided the power. most of lower manhattan is still in the dark. an unusual event in the c
us from the business desk. >> we've been reporting for quite a while now on government leaders really trying to attempt to wrestle with their budgets along with international lenders and it looks like this latest effort is going to drag on until later this month. eurozone finance ministers have shelved a decision on another bailout for greece until november. they want an austerity deal with international lenders first. finance ministers from 17 countries held a telephone witness to discuss the bailout. they said greece has yet to reach agreement on specification austerity measures with its creditors. the creditors include the european union and international mown tear fund. the austerity measures are a precondition for fresh emergency loans to avoid a potential default. the finance ministers urged the greek government to reach a consensus on labor reforms. the ministers will again discuss the greek bailouts when they meet on november 12th. greece is taking that pressure from the eu seriously. the government there has submitted a revitdsed draft budget to parliament outlining yet more
effort. >> it will be the first loan in almost 26 years. they will use it to refurbish a power plant. they plan to invest in the commercial economic zone. japan's government will extend the loans in february of next year. they promise to make the country more attractive to foreign investors. >>> expecters in japan are hoping they will be able to shift more of their products to neighboring countries. exporters need any help they can get. >> not only that they are struggling against trade barriers and they are hoping one may be on the way because japan and south china will start trade talks. trade officials from the nations will meet on the sidelines. the delegates are japan strait minister, china's commerce minister and trade negotiator. the ministers agreed in may during talks in beijing to begin negotiations by year end. it took them a while to deliver on their promise due to disputes between japan and the two neighbors. japanese leaders are aiming to build on the fda talks to improve ties with china and south korea. the ten member association of southeast asian nations including ja
was indispensable as crucial to the good news. >> we will get to climate change next. >> for us to say that this is what i generation and will not happen again, i think it would be shortsighted. part of learning from this is the recognition that climate change is a reality, extreme weather is a reality. >> new york governor andrew cuomo also said that 100-year storms are coming every two years. hate to bring his name up, but how or predicted this. -- al gore predicted this. >> he sure did. >> they have seeress in the netherlands -- sea barriers in the netherlands. >> this may not be a question of the sea barriers. this heavy jet stream that came through -- that is caused by some of the warming taking place in the arctic. hence global warming is a problem. >> but back to al gore. al gore did not talk about the environment when he was running for president, and these guys did not talk -- >> when he was running in 1988 he talked about it. >> when you have the mitt romney as governor running against this obama, their positions would not have been different mitt romney ndorser of cap- and-t
with the fervent hope that events will not overcome us. on this day, or families come first, like yours. let's start with the bloody conflict between israel and hamas in the middle east. israel's critics say they're doing more than defending themselves. there was a meeting to come up with a diplomatic solution. >> the goal must be a durable outcome that advances the security and legitimate aspirations of the israelis and palestinians alike. >> if there is a possibility of achieving a long-term solution of this problem through diplomatic means, we prefer that. if not, then i'm sure you understand israel will have to take whatever action is necessary to defend its people. >> i will borrow the opening question from the "washington post" columnist david ignatius. the question is, is there any escape from this palestinian version of heil? >> there is not. it goes back to what was said in the beginning, that critics have said that israel has turned got into a prison. we seem to not remember that seven years ago when israel left gaza. in front of the cameras of the world, at every soldier, every se
the opposition. the 47% notion -- that is important to his presidency. >> nina, break it down for us. >> i do not think he has a mandate. i think the republicans and democrats both have a mandate for compromise. when you heard from republicans -- it is like mitch mcconnell who said his job was to see that obama is never reelected. so, he has an edge year. he does have leverage. but it will be a long haul. he does need partners. >> rich mcconnell is on record as saying that -- mitch mcconnell is on the record as saying that he knows that the election makes some people think that the republicans are going to roll over. that does not sound like compromise. >> your definition of compromise is rolling over and excepting higher tax rates. that is the democratic definition of compromise. i would never suggest bias. the president ran -- i will say it -- the most negative campaign. he did not run on his record. he could not. he did not run on a program. there is one thing he got a mandate for, and he now has a mandate to raise the top tax rate on two percent of the population by four. ? that is the sm
term, "tampa socialite." general allen is in charge of the fate of 82,000 u.s. troops. ofi don't know the content those are, how many came from him, i don't know those things but we don't know the nature of that relationship. quite a different relationship between allen and joe kelly and petraeus and broadwell -- and jill kelley and petraeus and broadwell. >> why didn't the justice department tell the white house what was going on? >> if they had, we would be screaming cover-up at the white house. damned if you do, damned if you don't. bell and sisson, is that he be told when high-level people were under investigation but not tell the president. it would compromise the investigation -- >> there was an election going on. >> there was, and i agree with nina. you have to be careful that you don't put yourself in the position of the cover-up. what is conduct that is worthy of blackmail? the director of national intelligence, what we all say it is. petraeus could be blackmailed by it and fired by it -- >> the fbi agent thought he was doing his duty. >> he is shirtless and he goes to a cong
Search Results 0 to 20 of about 21